Chances are, you'll never own a bank. But the day you join LFCU - and anyone can - you become an invested owner and member of a remarkable financial enterprise.
The business principal couldn't be simpler. All deposits that flow into LFCU are used to fund member loans. Earnings are used to increase your credit union's equity, or are passed along to members in the form of higher savings yields, lower loan rates, new services and improved reserves.
What's more, as an owner you have a say in enhancing LFCU's products and services and electing the Board of Directors. All of which makes LFCU as good an idea as it was in 1937. Probably better.
A bedrock of financial security
In more than 72 years of safeguarding our members' deposits, we haven't lost a penny. Small wonder LFCU has emerged as one of the premier credit unions in America with nearly $3 billion in assets. What's more, your personal savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. IRAs are separately insured up to an additional $250,000.
Top marks from leading analysts
For 55 consecutive quarters, Bauer Financial, has awarded LFCU a 5-star rating for financial strength. This means your money is safe. Click here to view LFCU's recent financial statements, or see how our financials or our financial strength ratings compare to the banks.
A+ Rating from BBB
Lockheed Federal Credit Union is an accredited member and has an A+ rating from the Better Business Bureau (BBB). BBB is an unbiased organization that determines and maintains high standards for ethical and truthful business practices. For more information, visit http://www.la.bbb.org.
Voted Best
Santa Clarita Valley residents voted LFCU as the Best Credit Union in the area three years in a row. We're proud of this recognition and actively support the community through programs like Student of the Month and Player of the Week.
Above all, we're people people
Times change, but the upbeat, service-driven attitude of the folks who work here doesn't. In fact, LFCU was ranked #1 in the medium-sized company category of "California's Best Places to Work" program, sponsored by the Employer's Group.
28,000 free ATMs when you need one
Good news: LFCU offers more free ATMs than even the Big Banks. You'll enjoy unlimited access to our network of 28,000 CO-OP ATMs. Plus the price is right. No fees. No surcharges. Besides many ATMs are located inside convenient 7-Eleven stores. So your money is always close by.
So how do you become a member?
Easy. Membership is open to employees who work for one of LFCU's Sponsor Companies, family members of current LFCU members, and members of the Achievers Club. (You can join online as part of the LFCU membership process). Click here to learn more.
